VC10X - Startups, GTM, Investing, Venture Capital, Asset Management, Private Equity, Family Office VC10X - Investing in vertical AI startups - Kevin Jiang, Co-founder, Mangusta Capital
Jan 14, 2025
Kevin Jiang, Co-founder and Managing Partner at Mangusta Capital, shares his journey from the Softbank Vision Fund to launching a VC firm focused on vertical AI startups. He discusses the transformational impact of AI across various industries and its potential to reshape productivity. Kevin also explores the nuanced relationship between AI and knowledge workers, emphasizing that creativity remains a vital human asset. He outlines the key traits that successful founders possess and underscores the importance of strategic networking in attracting substantial investments.
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AI's Trajectory
- Kevin Jiang believes the AI revolution will mirror the internet's, with infrastructure becoming commoditized.
- He focuses on applications, foreseeing greater capital efficiency and faster revenue growth.
Legal AI Success Stories
- Kevin Jiang witnessed two legal AI startups flourish during his time at SoftBank.
- One was acquired quickly for a 10x return, while the other became a Sequoia-backed unicorn.
Meeting the Del Vecchio Family
- Kevin Jiang met an advisor, Tomas Ochiabra, at Web Summit in Lisbon, leading to a partnership.
- Their shared passion for AI and combined networks led to the Del Vecchio family's $50 million investment.